NVXNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31Also trades as NVNXF
NOVONIX Ltd
Financials through fiscal 2025, year ended Dec 31, 2025
$2.16+0.01 (+0.47%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Operating margin
4916.0%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.1% | -2.7% | +14.5% | – | |
| Operating income | +83.1% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2019 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | – | 1.07 | |
| Net debt to EBITDA | – | – | 0.05× | |
| Capex to revenue | – | – | 1071.2% | |
| Diluted shares | – | – | 682M |
Where the cash went
Fiscal 2020 to 2025, five years combined
Novonix generated $121.68M from operations and spent $196.81M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$121.68M
Used
$196.81M
Capital expenditure$196.81M100%Dividends$00%Share buybacks$00%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 4 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$42.20M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-$42.20M vs –
- Less leverageLong-term debt to assets fell14.5% → 11.2%
- Better liquidityCurrent ratio rose1.24 → 1.07
- No dilutionShare count did not rise497M → 682M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → 0.02